QQQJ Charts 2

One Last Bear Rampage in 2022: Communication Services

5hit List Tentative Payoff

I'm a gambling man and went with $100 strike puts on TTWO expiring Friday. This is the first stock reporting earnings off this week's 5hit list. Hopefully it holds through tomorrow and I can exit at a profit. With the losses mounting after hours, I think it should end up profitable.

Other stocks off my list reporting: APLS up about 1.5 percent after hours after losing 5 percent on the day. Not a target. DOCN up 5 percent after hours. FIVN down 12 percent after hours. I tried getting puts on that, but never filled because it didn't bounce with the Nasdaq. I thought it would and had my offer a little too high.

Update: now DOCN turning lower...

5hit List for the Week of November 7, 2022

These are stocks that cleared the loser screen and have earnings this week. I have been watching this list and there are a lot of big moves in the list. Most have earnings this week. PANW, STNE and MNDY are next week.

We've Only Just Begun

I am strolling through the charts and seeing areas of the market that haven't even completed tops yet. It took 5 minutes of looking at charts to find these, this is the top of my giant pile of charts. And by top, I don't mean the best, though some are great. I mean I made it through only a sliver of all my watchlists and had enough charts for a short video.

XLC Holdings

 This post will go through some of the holdings in XLC. Many of these have horizontals at gaps. Most look doomed, including Disney, but I'm here for a bounce, not a long-term hold.

What the h?

The h-pattern is hell for bears in bull markets and hello new lows in bear markets. Some h-patterns are at their moment of decision right now. Others are at various stages, some bounced where a bull would want them too, some broke, some are still early in formation. The most important and imminent two are ARKK and FB. Both are near their 52-week lows.